Tobacco giant reports drop in volumes

The world’s second largest tobacco group today said it sold fewer cigarettes as smokers cut back their consumption in the economic downturn.

Tobacco giant reports drop in volumes

The world’s second largest tobacco group today said it sold fewer cigarettes as smokers cut back their consumption in the economic downturn.

British American Tobacco added that a rise in illegal trade in countries including South Africa, Turkey and Malaysia also impacted volumes, which dropped by 1% to 526 billion cigarettes in the nine months to September 30. This equated to a 3% drop in underlying sales.

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